Use the Following to Answer Question

question 84

Multiple Choice

Use the following to answer question:
-(Table: Demand for Solar Water Heaters) Use Table: Demand for Solar Water Heaters.The marginal cost of producing solar water heaters is zero,and only two firms,Rheem and Calefi,produce them.If Rheem and Calefi get into a price war,the equilibrium price in the market will be:

• A)$0.
• B)$700.
• C)$800.
• D)$1,000.

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Definitions:

Atmospheric Gases

The gases that make up Earth's atmosphere, including nitrogen, oxygen, carbon dioxide, and argon, among others.

Oxygen Saturation

A measure of the amount of oxygen carried by hemoglobin in the blood, usually expressed as a percentage of the maximum carrying capacity.

Humidity

A measure of the amount of water vapor in the air.

Tidal Volume

The volume of air inhaled or exhaled in a normal breath at rest.